Mosaic Revenue Dissection
We know that Mosaic is one of the world’s largest fertilizer producers, concentrated in phosphate and potash. To better understand, Mosaic’s earnings prospects and key drivers, it is important to recall the product-wise and geographical revenue break-up of the company. Phosphates constituted more than one-third of sales volumes and dollar revenue in 2019 (see Chart 1a). Potash and Mosaic Fertilizantes contributed 29% and 35% respectively to the sales volumes. In terms of geography, Brazil and the United States contributed 41% and 26% respectively to the revenue (see Chart 1b).
2019 was marred